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Omeda scores $20m investment to make MOBA Predecessor

Date Type Companies involved Size
July 1st, 2022 investment Omeda Studios $20m
Omeda scores $20m investment to make MOBA Predecessor

Developer Omeda Studios has raised $20 million to fund its upcoming MOBA title Predecessor.

The Series A round was led by Haveli Investments, with the cash going towards ramping up hiring at the developer. The aim is to release Predecessor into Early Access later this year.

Predecessor is based on Epic Games' Paragon, which the Fortnite giant cancelled in 2018. The company made all of the assets for the game – which Epic reckons represented $12 million worth of work – available to developers using its Unreal Engine.

"We decided to raise our Series A to accelerate development after the success from our earlier playtests," Omeda founder and CEO Robbie Singh (pictured) said.

"However, we weren't just looking for money. What was most important to us was finding a partner who shared our vision for how we wanted to make games and believed in the power of community."

Haveli Investments' CEO and founder Brian Sheth added: "Robbie and his team have built an engaged community and game using a player-first approach that is incredibly exciting and holds the potential to rapidly become part of the pantheon of the great MOBAs. All of us at Haveli are looking forward to the great things to come from Robbie and Omeda."

This $20 million investment comes in the wake of a $2.2 million seed funding round that Omeda raised in March 2021.


PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site PCGamesInsider.biz. In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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